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Euro hits lowest in 6-1/2 months vs US dollar on tariff anxieties
The euro dropped to its lowest level in 6-1/2 months against the greenback on Monday as investors worried about possible U.S. tariffs that would hurt the euro area's economy. Meanwhile, the U.S. dollar index - a measure of its value relative to a basket of foreign currencies - slightly overshot the highs seen right after the U.S. presidential election with markets still waiting for clarity about future U.S. policy. "It does feel like the markets are pricing in a red wave more and more. I think the dollar is the beneficiary of that," said Bipan Rai, managing director at BMO Global Asset Management. The ... (full story)
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- Posted: Nov 11, 2024 11:33am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,641
